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Hey Jay, glad your cut and paste works well, welcome to the board!
Hey fizzle hope your day is going well. I am sure the Q will look like crap. I'd delay it as well if I was in the same situation. Kinda like filing an extension on your taxes. I am talking about 3-6 months from now. I am giving him a do over because a. the economy blows right now, and b. we still have dems running the joint. After the summer I will revisit this position and decide than what I am doing. For now I am long MINE and have no issues no matter what the Q states.
It's not a trade, it's more of longer term thing but I have no problem with a swing. If anyone can flip for a profit short term go for it. However, if I am right we see .02 in 30-45 days. And it might dip a bit right before but that's ok. If I'm wrong, I may lighten up but I don't think I will need to. The few dollars at risk here is play money and this board is enjoyable.
Let's try this another way. It's a penny stock. Let's just call it what it is. I shorted TSLA and did fine. I almost felt bad in a sense that maybe that guy had a clue. I feel the same way about tesla as I do mine. They are both penny stocks in my eyes however I'd rather go long on mine because I can control more affordable shares creating more leverage. So I disagree and feel the downside is minimal here dollar wise. At the end of the day it's about doe in my pocket, nothing more nothing less. Keep it coming boys and girls let's be number one today. And thanks to everyone who liked my logic. And as far as Scott being a money printer, I hear that's in style lately! whoo who!
Thank you Scout. And now for more good news. We are now number 7 on the board as of right now. We get to number one and that's pretty neat stuff I would say!
Again, I have as much at risk as all of you do. But when you think about it, we spend a lot more money in a year on lousy restaurants. We spend even more money on terrible cable service. Or maybe those two are about the same....Well I think you all know where I am going with this. If you really think about it, we all bought this much higher I'm sure, so if we believed we had a million to one shot then, don't we still sort of think in the back of our minds that maybe we still have a shot? 50,000 shares only costs around $685.00 right now. I bet all of us have blown way more than that doing something else. Anyone waste any money back in the day on dating? Come on now you know over time when things didn't work out you probably said to yourself what the heck was I thinking? What a waste of cash that was......But we'd all do it again and again because down deep we all think could this be the one? A little more food for thought!
Let's make this real simple. Forget what happened a month or a year ago....Mine is doing a reset. Scott is putting together a plan to get things going again. I own a business, if I was public you'd all be beating me up as well. We as business owners do what we need to do to keep things going and yes sometimes at the expense of the shareholders. Maybe he will fail, maybe I will too. I can guarantee all of you one thing, my goal is not to fail and neither is Scotts'. There will be selling down the road and there will be buying. We can be on either side so I get the shorts and their feelings on this. However, long term, if Mine even does ten percent of what we are being told it's a ten cent deal. And a ten cent deal can easily become .25 and so on. Guess what? We don't have a whole lot of down downside from here. My bet is on the long side now. See some of you at the top! I really don't care what anyone says here anymore but I do respect freedom of speech while we still have some left!!
Amen
Hey look I get the fact that things look pretty bad. I also get the loss of share value. What I have a problem with are shareholders, assuming they still are, getting so bent out of shape that you can't even have a civil conversation with them without it becoming some sort of entitlement thing. These are risky investments period! Penny stocks will never be 100% anything but what they are....risky. And the folks that run these machines are people. As I always have said and I will say it again. PEOPLE LIE NUMBERS DON'T. In the case of Mine maybe it is a scam maybe not. In the meantime put your efforts elsewhere and just keep this on screen number two. Maybe we will make money, maybe we won't.
Nothing phony here, it is a typical penny stock. They have as much of chance as any. Everything is a scam until we get lucky....
Well i guess time will tell....
flying
silver way up....
great last few comments...thx
what if there was a new money source?
We need to hold 1.50-1.55 first then we go higher. We are getting there......
30 woukd be nice!
Nice bounce! Should close near or over 12 today. Enrollments are still strong from what I hear and the new point system is working well for the members. No reason this shouldn't be near 20 years end maybe higher......
no ticker change...
should start to move higher soon.....
means nothing...
Buy signal here not a crazy strong buy but a slight buy. We can get over .02 because it was there and with news and sales over the next few months on the revamp .03 -.04 is more likely. But as with any penny stock just watch it carefully.
The more posts the better, so go for it everyone!
I think once things get rolling again the new product line will catch the eye of many investors. Plus it's good to accumulate shares while they are almost free!
July should be a good month....
Will not call?
You just described 50% of all the stocks out there. MINE will come back. And be better. Scott isn't screwing us, he owns plenty of stock. He doesn't benefit by doing anything derogatory to the company. Unless you know something concrete that differs, please share with all of us.....
Going higher.......
Probably gonna load up again soon. Missed the 6's the other day.
I agree with your too many diets comment Stevie but WTW is not a diet and I have seen their program up close. This will always have it's ups and downs no pun intended but in the end will win out over most weight/lifestyle programs due to it's consumer loyalty. The only reason some folks quit is because they don't understand the program. Those who get it lose the weight and stay on. There are multiple revenue streams for the company so I always load up on days like this and you should too. I see 15-20 coming after next earning call.....good luck all! I promise if you buy today you will do fine. Just don't be greedy.
50,000 bid at 4 just hit, nice! This baby is trading like a champ. So what is the dealio with this one folks? Can't be a pump so what's the deal?
.03 very doable with some good news and more volume. It won't take much. Probably better to be here than in the general market right now.
If we see a good finance deal and neutral to positive news, we will be back at 4-5 cents fairly quickly. Anything less, we already know the outcome. We just hit the very bottom last week. It's all up from here assuming what I first said comes to fruition.
Ok .10 it is
would be nice....though I'd take 8-9 cents
There are more details at the website for the company......here is an excerpt:
June 22, 2016
Dear Shareholders,
As Chairman and CEO of our company, I want to update you on the status of the opportunities and challenges that we are facing. The last few months have been challenging for multiple reasons including lack of sufficient funding from our financial partners, delays in vendor delivery and a lack of urgency from some of our partners. However, these challenges have also created opportunities that were not available to us a few months ago, and we are now in position to capitalize on the challenges and execute on the opportunities.
Financing
As CEO, I have to make daily decisions that dictate our tactical and operational plans based on promises from and agreements made with our financial partners. As a key part of my job, I want to, and need to, update our shareholders by issuing timelines for execution of our plan which include operational, marketing and sales timelines. Regardless of the circumstances, the ultimate responsibility is mine, and I recognize my responsibility to the shareholders of this company. Since we have not delivered on the timelines stated in previous press releases, I decided to hold off on updates until the funding promises were turned into reality. Hence, the reason behind the lack of updates lately.
Related to the above failures to receive promised and proper funding from our financial partners is the status of the company not filing our Form 10-Q on time. We are waiting on raw data from a few groups needed to complete our comprehensive financials which has caused a delay in our filing. While this is only indirectly related to the financial partners’ failures to deliver, it is definitely a contributing factor. A timeline on the filing of our Form 10-Q will be updated as soon as I have a reasonably accurate timeline.
However, there is a golden lining to this tardy situation. While we have not been able to secure complete and proper financing from our financial partners, which contributed to the delay of our filing on Form 10-Q, it has created a unique situation and opportunity for our shareholders and new investors. Until our financials are filed, no restrictive legends can be removed from newly issued shares of company stock that is reliant on Rule 144 of the Securities Act, as amended. This means no conversions / no dilution from any of our contractual funding arrangements relying on these exceptions for restrictive legend removal.
The lack of conversions in this period is beneficial; however, this situation creates another, even greater, opportunity for the company and our partners. We have asked all our financial partners to cooperate and consolidate the multiple financings into a more manageable arrangement for the financers and the company, alike. The company now has the proper leverage to make this request a reality.
nice day..........
new here looks like a good one.....
the way I see it we either all sell out destroy the stock and move on or stop acting like a bunch of ten year olds. what's the point of complaining, seriously. it's not like spewing dumb diatribe is going to make any difference...however we can trade this up and down and try to recover some of our investment.
No scam just a guy trying to do what we are all trying to do....stay afloat. Call him and talk to him. He's not scamming anyone.